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Valence Technology Inc. reported a $2.5 million third-quarter loss on $8.5 million in revenue compared with a $2 million loss on $13.8 million in revenue during the same three-month period last year. Officials at the Austin-based company (Nasdaq: VLNC) are projecting a fourth-quarter revenue of $12 million to $13 million, and revenue for the full fiscal year 2012 to in the range of $43 million to $44 million, according to a company news release. Valence, which was founded in 1989, develops energy storage solutions...

A Child's Place gets Verizon grant

A Child’s Place at Mercy, Allegheny County’s Child Advocacy Center, has received a $15,000 grant from the Verizon Foundation to provide training, professional development and other opportunities for child advocates with videoconferencing equipment. Child’s Place is part of the Pittsburgh Mercy Health System and sponsored by the Sisters of Mercy. The equipment will provide access to training and educational opportunities for 1,800 Pittsburgh Mercy Health System employees and community partners, including law enforcement and victim advocacy organizations...

Slideshow: Inside the walls of Facebook's new HQ

Facebook Inc. has moved into its new corporate headquarters in Menlo Park, which boasts colorful, collaborative work spaces, funky furniture, cafeterias with free food and local art. The social networking company, led by CEO Mark Zuckerberg, has about 2,000 employees at the campus now. Facebook is "allowed" to have 3,600 workers there under current permits but hopes to increase that number to a total of 9,400 once its entire headquarters is built out, which is still years away. Facebook said its relocation from Palo Alto and planned expansion will result in about 2,441 temporary construction-related jobs...

Creation Technologies takes space for 120 in Milpitas

Creation Technologies Inc. is expanding its footprint in Silicon Valley with the signing of a lease for a research & development building in Milpitas. The Canadian electronics contract manufacturer will be moving into a 79,085-square-foot, one-story building on 1855 Barber Lane by June, according to Craig Petersen, vice president for Kidder Mathews. Petersen represented Creation Technologies in the transaction along with Mike Webber, senior vice president for Kidder Mathews. The privately held company currently leases about 49,000 square feet at 2801 Northwestern Parkway in Santa Clara but has outgrown the space, said David Longshore, general manager for Creation Technologies...

Dell preps Santa Clara campus expansion

Dell Inc. is gearing up to move into a second building at its Santa Clara site. Tenant improvements are being performed on the bottom two floors at 5450 Great America Parkway, and Dell plans to move workers in that space in July, according to Dell spokesman Jess Blackburn. The top two floors of that building, currently occupied by Oracle Corp., will see tenant improvements after Oracle moves out in mid-2012. Dell plans to move its workers into those floors by November, Blackburn said. When filled, the two buildings on 5450 and 5480 Great America Parkway will house about 700 people...

Organic golf course testing Arctic's new weed technology

Arctic Inc.'s new frost-based weed control technology will be tested by the Vineyard Golf Club in Martha's Vineyard, Mass., one of the only organic courses in the U.S., according to an announcement from the firm. Arctic, which is based in Winston-Salem, developed its Frostbite Weed Control System with the help of grants from the National Science Foundation and the N.C. Board of Science and Technology. That system uses controlled compressed air to create man-made frost that can be applied to any frost-susceptible weeds without harm to nearby cool-season grasses...

SLIDESHOW: Top stock ownership by Congressional members

Stock ownership and possible insider trading by members of Congress has come under scrutiny lately and prompted bipartisan calls — including from the White House — for new restrictions and rules related to financial holdings. The U.S. House of Representatives voted on Thursday morning 417-2 for a bill that would limit Congressional members from trading stock based on non-public information they receive in the course of their service. A similar bill has passed the Senate and now goes to conference to hammer out a deal...

Downie rises to director at Amherst Systems

Northrop Grumman Corp. has appointed Joseph Downie as site director of the company’s Amherst Systems business unit. The appointment is effective immediately. The security and defense company said Downie will have executive responsibility for all Amherst Systems programs in addition to oversight of all operations at the Buffalo facility, which is part of the company’s Land and Self protection Systems Division. Ahead of the promotion, Downie served as simulation systems director at Amherst Systems with oversight of multiple programs...

Apple's iPad 3 said coming in March

The Blogosphere is abuzz with this big news: iPad 3 will be rolled out the first week of March. The rollout reportedly will happen at an Apple event in San Francisco. It's not really clear yet wither Apple Inc. (Nasdaq: AAPL) has actually decided to call its next-gen tablet the iPad 3. Whatever name it has, sources say it'll be similar to iPad 2 but faster and with better graphics and an improved Retina Display. Apple has no comment. Apple operates two retail stores in the Triangle.

TechColumbus/Columbus2020 program helps device maker win OhioHealth contract

Maybe they should call it “First Big Customer.” Medical device startup Linebacker Inc., a tenant in the TechColumbus incubator, has landed a three-year purchase agreement with OhioHealth Corp. after guidance from the First Customer initiative of TechColumbus and Columbus2020 – and the program has helped start talks with the other three Columbus-based hospital systems. The technology advocacy and economic development groups started the program last year to get Central Ohio IT and biotechnology companies fast-tracked to introductions to the region’s large corporate buyers, having signed on 20 potential customer companies so far...

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